5 Of The Best Cryptos To Invest In Now According To Reddit - Our Picks
Here is a rundown of the best cryptos to invest in now according to Reddit. Find a detailed description of each coin in the coming section.
Stellar Lumens - A crypto with massive upside potential
Fantom - The crypto is making strides in the DeFi sector
Enjin Coin - One of the best gaming NFT coins to buy now
Decentraland - The top metaverse platform in the market
Sandbox - A must-buy crypto with high-profile partnerships
A Closer Look At 5 Of The Best Cryptos To Invest In Now According To Reddit
Investors are no strangers to the 2022 crypto market bloodbath. But hopes are again starting to bloom as we have entered into a new year, and several projects are demonstrating promising growth. Reddit, the largest forum and message board on the internet, has always been a go-to platform for investors for updates. With an ardent fanbase, it could be a good source of information to know which crypto would explode in the coming years.
Let’s dive in and discuss these 5 best cryptos to invest in now, so investors can make an informed decision.
Stellar Lumens (XLM)
Since its inception, Stellar has evolved to be an efficient go-to platform for making fast and low-fee conversions from crypto to fiat currencies. XLM, or Lumens, the native token of the Stellar network, facilitates cross-border corporate transactions across verticals like banking, payments, etc.
The company behind Stellar crypto has attracted massive support from multiple finance industry players, technology companies, and even governments from across the globe. Some of them have already launched cash transfer programs on the Stellar network, while others are in the pipeline. Thanks to its network that delivers a trusted and efficient method of processing crypto payments, it has become a highly useful blockchain solution for enterprises and financial institutions, one reason companies like IBM have partnered with Stellar. XLM is one of the best cryptos to invest in now, according to Reddit, as it is slowly becoming integrated into the digital payment ecosystem by giant names like PayPal.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Fantom (FTM)
The purported goal of the Fantom network is to establish itself as the backbone of next-generation blockchain technology by upgrading current blockchain platforms and offering them better scalability, security, and connectivity.
FTM had a hugely disappointing rally in 2022, but things started to rebound by the end of the year as the crypto received support from some of its high-profile founders. To regain investor’s trust, the team also released a detailed description of its financial records displaying its $340 million worth of digital assets on hand, like $100 million in stablecoins, $100 million in crypto assets, $50 million in non-crypto assets, and almost $90 million worth of FTM tokens.
FTM is one of the cryptos to invest in now as it is all set for a potential rebound in 2023, with a focus on DeFi as a long-term way to unlock the value of the Fantom blockchain.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Enjin (ENJ)
Enjin Coin is specifically built for the gaming industry with completely open-source SDKs for multiple languages, wallets, and payment platforms. The coin runs on the Ethereum protocol and directly supports the value of digital assets created via the Enjin platform. By leveraging smart contracts capabilities, it provides gaming communities with the required support.
Players can earn the ENJ token by completing gaming tasks on the platform. The token can also be used to purchase virtual goods across gaming platforms. ENJ is one of the best cryptos to invest in now as GameFi is growing at a rapid pace, and Enjin will play a key role in this space.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
Decentraland (MANA)
Decentraland is one of the best metaverse platforms that hails itself as the first decentralized Metaverse project managed by a decentralized autonomous organization (DAO). The platform allows users to purchase, develop, and trade virtual land, allowing everyone to create, experience, and monetize content and applications.
The platform also helps eCommerce and other businesses to build immersive utilities for customers. Projects like Over The Reality (OVER), an Augmented Reality (AR) platform, have partnered with Decentraland resulting in a huge cross-metaverse music event, the Metaverse Music Festival 2022. The platform also joined hands with streaming giant Netflix and recreated a landscape from a popular movie.
The MANA token is used to pay fees, construct structures, and communicate within Decentraland. Therefore, the increased adoption of the metaverse platform would give a significant push for the price of MANA in the coming years.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Sandbox (SAND)
The Sandbox could be named the OG- of metaverse-building games. It stands out from the crowd by providing the next level of customizability that is very rare in legacy games and helps in driving the expansion of the metaverse across the gaming industry. The Sandbox virtual world allows players to build and monetize their gaming experience.
SAND is one of the best cryptos to invest in now, according to Reddit, as user-generated content (UGC) is increasing its popularity within the gaming sphere, and Sandbox is certainly one of the pioneers in this. Yet another strategy that is working well for The Sandbox crypto is its array of partnerships, which is helping to expand its user base across the globe and social media platforms. SAND will reach new all-time highs in 2023 if it continues to grow and secure similar high-profile partnerships.
Crypto asset investing is highly volatile and unregulated in some EU countries. No consumer protection. Tax on profits may apply.
The Bottomline
These are the best 5 crypto projects to invest in now, according to Reddit. These projects have ranked on top due to their solid developments and high growth potential, making them a worthy addition to your investment portfolio.
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